Eurogroup chair hopes bad news will give bank tests credibility


DAVOS: The chairman of the Eurogroup of euro zone finance ministers said he hopes this year's asset quality review and stress tests of European banks will reveal some bad news to give the process credibility.

"Actually I rather hope it's going to unveil some unpleasantness because that will give us confidence that things are being done properly," Jeroen Dijsselbloem told the World Economic Forum in Davos, Switzerland on Saturday. - Reuters

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
InNature diversifies into the F&B industry
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
New capacity in the pipeline
March industrial production index up 2.4%, but below forecast
Data centre – boon or bane?
Perak Corp gets extension

Others Also Read